$1.5B Bitcoin Bet: Reitar Logtech Goes Digital
In a massive crypto power move, Reitar Logtech Holdings Ltd, a logistics-tech and real estate firm from Hong Kong, has just announced plans to purchase up to $1.5 billion worth of Bitcoin. The details were made public in a filing with the U.S. SEC (001-42210), and it’s already shaking up the corporate treasury scene.
Reitar is making this play to diversify its financial reserves and future-proof itself in a fast-changing global economy. Bitcoin is at the center of the company’s treasury revamp plan, and it’s not just about holding crypto—it’s a move toward scaling operations and innovation in supply chain tech.
Company chairman and CEO Kin Chung Chan (also listed as John Chan) said this initiative will provide the company with more flexibility for growth, acquisitions, and entry into new markets.
“This Bitcoin treasury plan strengthens our foundation while aligning us with global digital trends,” said Chan in the official filing.
And it’s not just Reitar making moves. Strategy (formerly MicroStrategy) also announced a new purchase of 705 BTC worth $75.1 million, bringing its total to 580,955 BTC—over $60 billion in value.
Looks like corporate crypto plays aren’t slowing down. From tech giants to logistics leaders, Bitcoin is becoming the go-to hedge for global expansion.
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